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What's a bank reconciliation?

Updated on November 4, 2015

Bank reconciliations are big part of the accounting workflow. It's a process that lets you double check the data in LessAccounting by comparing it to what your bank statements say. Basically you're going to look to make sure all the data matches. Our app also allows you to easily make changes, either by adding, deleting or editing transactions so that everything is accurate.

We recommend doing bank reconciliations once a month or however often you get statements from your financial institutions.

Looking for HOW to do a bank reconciliation on LessAccounting? Check out this article.